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Trends and issues in risk management affecting mid-size and large US banks

The Risk Management Association has published the results of its recent regulatory survey, which aims to identify trends and issues in risk management affecting mid-size and large banks. The survey focused on six categories, including enterprise risk management; compliance; examinations; accounting issues; lending and service products; directors’ duties and responsibilities; and the regulatory environment. 

Key findings included:

  • The greatest risk management challenges in 2018 were operational risk (including cyber and third-party risks); regulatory compliance; and credit.
  • Over 50 percent of respondents reported increases in expenditures for regulatory compliance in 2018.
  • Of all respondents, 32 percent indicated that increased regulatory demands have resulted in less product flexibility, and 28 percent said this resulted in slower response times to meet consumer requests.
  • Approximately 62 percent of respondents indicated the top challenge for bank directors is keeping up with the ever-changing regulatory environment.
  • Over 79 percent of respondents believe opportunities remain for further reduction of regulatory burden.
  • The greatest risk management challenges forecasted for 2019 in addition to operational risk and compliance include talent attraction and retention and unregulated nonbank competition.

More details.



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